Antofagasta Plc struck an early wage deal with the three workers' unions at its Centinela copper mine in Chile, averting the risk of a potential labor action, Reuters reported Dec. 20.
The unions, which together represent 98% of the mine's over 1,500 workforce, entered a three-year contract that assures all company workers the same benefits.
The new contract offers a 2% raise and a 14-million-peso bonus for each worker, according to the company.
Earlier in the year, the Chilean miner agreed to wage deals with unionized workers at its Zaldivar copper mine and with the supervisors' union at the Centinela mine.
The Chilean National Mining Society, or Sonami, had warned that more than 30 pending negotiations over expiring employee contracts in 2018 could curb output if strikes hit the sector.
As of Dec. 20, US$1 was equivalent to 620.53 Chilean pesos.